Robinhood has issued 213 U.S. stock tokens on Arbitrum, costing only $5 in gas

ChainCatcher news, according to The Block, data from the blockchain explorer Arbscan shows that the online brokerage platform Robinhood recently issued 213 tokenized U.S. stock assets on the Arbitrum chain at a transaction fee of only about $5, paving the way for its upcoming decentralized blue-chip stock trading service aimed at European users.

The platform's deployment address completed the tokenization of stocks including Nvidia, Microsoft, and Apple by paying only 0.00233 ETH (approximately $5), with the average deployment cost per stock token as low as 3 cents.